Holding(s) in Company

TR-1:NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii

CERES POWER HOLIDNGS PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify): INCREASE IN MARKET CAP

We are amending the filing previously made on 11/27/09. We have been notified by the issuer that the shares acquired through the issuer's new placing werE not fully registered until yesterday, 12/14/09. Additionally, the ownership percentage reported did not include the correct shares outstanding due to the issuer's new placement of 19,000,000 ordinary shares. Please see attached new filing addressing both the timing and correct shares outstanding.

x

3. Full name of person(s) subject to the notification obligation: iii

OppenheimerFunds, Inc ("OFI")

4. Full name of shareholder(s)  (if different from 3.):iv

5. Date of the transaction and date on which the threshold is crossed or reached: v

14 December 2009 (Prior filing 25 November 2009)

6. Date on which issuer notified:

15 December 2009 (Prior filing 27 November 2009)

7. Threshold(s) that is/are crossed or reached: vi, vii

12% (increase to 12.4727%)

8. Notified details:

Ceres power Holdings PLC

[email protected]

A: Voting rights attached to shares viii, ix

Class/type of shares

if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B0351429

7,733,421

7,733.421

10,733,580

10,733,580

12.4727%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

10,733,580

12.4727%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi

The percentage of holdings noted above is based on the total outstanding shares of 86,056,614. Massachusetts Mutual Life Insurance Company is the parent company of OppenheimerFunds, Inc ("OFI")

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:

Rose Baker

Massachusetts Mutual Life Insurance Company

15. Contact telephone number:

011-413-744-8258

Note: Annex should only be submitted to the FSA not the issuer

Annex: Notification of major interests in share

A: Identity of the persons or legal entity subject to the notification obligation

Full name 

(including legal form of legal entities)

Contact address 

(registered office for legal entities)

Phone number & email

Other useful information 

(at least legal representative for legal persons)

B: Identity of the notifier, if applicable

Full name

Contact address

Phone number & email

Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information

For notes on how to complete form TR-1 please see the FSA website.